0% Balance Transfer for 29 months + possible £25 cashback - 2.9% fee @ Barclaycard (The longest balance transfer EVER)
687°Expired

0% Balance Transfer for 29 months + possible £25 cashback - 2.9% fee @ Barclaycard (The longest balance transfer EVER)

40
Found 18th Oct 2013
Simply this is the longest 0% balance transfer card ever - nearly 2 and a half years!

- 0% interest on balance transfers for 29 months from account opening (2.9% fee applies)
- A fee of 4.9% will be applied, then reduced to 2.9% by a refund within 2 working days
- 0% interest on purchases for 6 months from account opening
- Apply via moneyexpert.com/Quidco you can get a possible £25 cashback
- Offer applies to new customers. Terms and conditions apply.

Worked example based on a balance transfer of £2,000:
- Pay a fee of 4.9% which is £98
- Within two working days this will be reduced to 2.9% so you will only pay £58
- If you go via Moneyexpert/Quidco then get £25 cashback
- End Result? You will only have paid £33 to borrow £2,000 for 29 months at a 0% rate, equivalent to £1.14 a month!

40 Comments

I am already holding this card (Paltinum) and they are giving me an offer only for 1 year

Can some help me, how to get above offer of 29 months if I am still holding account with Barclay please?

You can't.

Tell them to close your account if you've nothing on it and they might offer you something better.

Be careful applying out of curiosity, it leaves a footprint on your credit record.

Very good. Can't wait for the 'Dont't get into debt in the first place' comments. No really. Let's hear them.

I would be very surprised if anyone actually got the 29 months. For most people it will be less.

I have just transferred a balance from Barclaycard and now have nothing on it. If I ring up and cancel my existing card can I then take this one out or is there usually a waiting period before you are a new customer again?

janner66

I would be very surprised if anyone actually got the 29 months. For most … I would be very surprised if anyone actually got the 29 months. For most people it will be less.


Do they not have to offer it to 51% of successful applicants?

backtothecaves

Very good. Can't wait for the 'Dont't get into debt in the first place' … Very good. Can't wait for the 'Dont't get into debt in the first place' comments. No really. Let's hear them.



youtube.com/wat….be

Skip to 7 minutes.

backtothecaves

Very good. Can't wait for the 'Dont't get into debt in the first place' … Very good. Can't wait for the 'Dont't get into debt in the first place' comments. No really. Let's hear them.



I had £5000 debt on two credit cards, not that much, but it didn't half cost me a lot in interest, so yeah don't get in to debt, it's a bad idea

backtothecaves

Very good. Can't wait for the 'Dont't get into debt in the first place' … Very good. Can't wait for the 'Dont't get into debt in the first place' comments. No really. Let's hear them.



Don't get into debt in the first place.

There you go. Happy now?

kamranbaig

I am already holding this card (Paltinum) and they are giving me an offer … I am already holding this card (Paltinum) and they are giving me an offer only for 1 yearCan some help me, how to get above offer of 29 months if I am still holding account with Barclay please?


I'd hang on .I imagine other CC companies will follow suit in the very near future

£25 quidco cashback

Thanks OP, just applied and got it approved
Edited by: "Maniek133" 19th Oct 2013

scorpio iscariot

I'd hang on .I imagine other CC companies will follow suit in the very … I'd hang on .I imagine other CC companies will follow suit in the very near future



Normally there is a 6 month cooling off from your old card to open anew one. That's what happened with HSBC with myself

This is a hot deal, did it the other day and have had no problems and links up with your Barclays iphone app

This card is fab - I got the full period of interest free and the app is great! Saved me over £200 in interest every month and I have split my payments (less than I would usually pay monthly) over the term and it will be cleared... I was just paying minimum payment previously. Yes people shouldn't get into debt but sometime life throws us some unexpected challenges and it's nice to have that little back up plan!

Can't pretend to understand how people get in such debt, so I assume I'm just lucky to have avoided it so far. If I was in such circumstances I'd imagine this card would be a lifesaver. Hot.

janner66

I have just transferred a balance from Barclaycard and now have nothing … I have just transferred a balance from Barclaycard and now have nothing on it. If I ring up and cancel my existing card can I then take this one out or is there usually a waiting period before you are a new customer again?



Usual waiting period for applying for new card with Barclays is 6 months....

Natwest is also 6 months.
Halifax is usually 1 month.

does the cashback link through quidco or moneyexpert as the offer is not on quidco itself

kimberleyg69

This card is fab - I got the full period of interest free and the app is … This card is fab - I got the full period of interest free and the app is great! Saved me over £200 in interest every month and I have split my payments (less than I would usually pay monthly) over the term and it will be cleared... I was just paying minimum payment previously. Yes people shouldn't get into debt but sometime life throws us some unexpected challenges and it's nice to have that little back up plan!


£200 interest per month? How much you own them if you don't mind me asking?

Original Poster

FGEvans

does the cashback link through quidco or moneyexpert as the offer is not … does the cashback link through quidco or moneyexpert as the offer is not on quidco itself



The offers via Quidco or Moneyexpert are independent of each other. The Moneyxpert offer looks better as the £25 cashback is paid on an opened account, whereas Quidco have conditions around a minimum £1000 balance transfer.

Moneyexpert moneyexpert.com/cre…rds

Click on the product (the headline states 28 months but this is actually 29 months) and Moneyexpert ask for some info to credit the £25. It then takes you to the 29 month 0% product.

Heres the quidco link, if you click on the £25 refund link this takes you to the 29 month 0% product
quidco.com/bar…acc


Hope this helps.



Edited by: "Chanchi32" 19th Oct 2013

I realise this site is probably not the best to ask financial advice, but seeing as I couldn't be bothered finding/registering with another I will shoot.

If I want to borrow 2000, to use this 0% card would I have to raise my current credit card limit(1000) to 2000 and then max it out and transfer its balance to the barclays one?

Applied and got 28 months balance transfer :-)

This credit isn't always spent on items people can't afford. People use the credit and buy money market accounts that earn interest above the cost to borrow. Simple arbitrage. So don't just associate these deals with big spenders.

Spook050

I realise this site is probably not the best to ask financial advice, but … I realise this site is probably not the best to ask financial advice, but seeing as I couldn't be bothered finding/registering with another I will shoot. If I want to borrow 2000, to use this 0% card would I have to raise my current credit card limit(1000) to 2000 and then max it out and transfer its balance to the barclays one?



This is only a balance transfer card, so you can't "borrow £2000 cash"........you can only pay off a debt with it....You could as you say "raise my current credit card limit(1000) to 2000 and then max it out and transfer its balance to the barclays one"....but that wouldnt give you any cash, it would just pay off the other debt.....

leadhead

This is only a balance transfer card, so you can't "borrow £2000 … This is only a balance transfer card, so you can't "borrow £2000 cash"........you can only pay off a debt with it....You could as you say "raise my current credit card limit(1000) to 2000 and then max it out and transfer its balance to the barclays one"....but that wouldnt give you any cash, it would just pay off the other debt.....



You could transfer the balance to a 0 balance card and once it is transferred, ask for the overpayment ( credit balance) to your current account. ( Just make sure your card is willing to do that) - I've done it with Tesco mastercard, Amex, etc.

Great YouTube clip.

leadhead

This is only a balance transfer card, so you can't "borrow £2000 … This is only a balance transfer card, so you can't "borrow £2000 cash"........you can only pay off a debt with it....You could as you say "raise my current credit card limit(1000) to 2000 and then max it out and transfer its balance to the barclays one"....but that wouldnt give you any cash, it would just pay off the other debt.....



Just to clarify, I would be wanting to spend the money to decorate one of the rooms in my new house, so I wouldn't need cash as such, I'm thinking I could just buy all of the stuff for the room on my Dankse Bank credit card and then transfer that balance to the 0% as soon as I could. I'm thinking I wouldn't even need to increase my 1000 limit on Dankse as I could just max it once, balance transfer and then do it once more.

I am still reading into it a lot to find out more about it, won't be rushing into anything, by the looks of it for my scenario where I intend to pay off the debt once I get christmas past me, ie in the next 6-8 months, this 29 month deal is kind of lost on me anyway.

Original Poster

Spook050

Just to clarify, I would be wanting to spend the money to decorate one of … Just to clarify, I would be wanting to spend the money to decorate one of the rooms in my new house, so I wouldn't need cash as such, I'm thinking I could just buy all of the stuff for the room on my Dankse Bank credit card and then transfer that balance to the 0% as soon as I could. I'm thinking I wouldn't even need to increase my 1000 limit on Dankse as I could just max it once, balance transfer and then do it once more. I am still reading into it a lot to find out more about it, won't be rushing into anything, by the looks of it for my scenario where I intend to pay off the debt once I get christmas past me, ie in the next 6-8 months, this 29 month deal is kind of lost on me anyway.



The credit card market is increasingly competitive so chances are that when you want a balance transfer in 6-8 months time there will be a similar deal. January is usually when the best deals will be available with people trying to sort out their finances and recover from the Christmas spending hangover. Thanks

Chanchi32

The credit card market is increasingly competitive so chances are that … The credit card market is increasingly competitive so chances are that when you want a balance transfer in 6-8 months time there will be a similar deal. January is usually when the best deals will be available with people trying to sort out their finances and recover from the Christmas spending hangover. Thanks



I think for my situation where I am just looking to decorate a room and not pay any interest I would be better going with a 0% on purchases credit card. Tesco seem have to have the best one with 0% on purchases for 18 months, which is more than enough time I will need to pay this off. Anyone I will keep reading up! thanks for the help guys,

Voted hot!

Spook050

I think for my situation where I am just looking to decorate a room and … I think for my situation where I am just looking to decorate a room and not pay any interest I would be better going with a 0% on purchases credit card. Tesco seem have to have the best one with 0% on purchases for 18 months, which is more than enough time I will need to pay this off. Anyone I will keep reading up! thanks for the help guys,Voted hot!



Definately a purchases card for you. If you apply for an increase to the limit on your current card, it'll result in a credit check on your record. Then, when you max it out decorating the house and apply for the Balance Transfer card, you may not get accepted given your recent application for a credit limit increase. You'd then be left with a large balance on a high APR.

Also look at cards that offer both balance transfers and interest free spending. Halifax have a 15 month one with a 0.8% fee for balance transfers. That would allow you to redocarate on interest free money as well as transfer your existing balance over to it with a very low fee.

Voted hot by the way!

Can I use it for cash transfer?

The cashback side of this deal looks highly suspect

kamranbaig

I am already holding this card (Paltinum) and they are giving me an offer … I am already holding this card (Paltinum) and they are giving me an offer only for 1 yearCan some help me, how to get above offer of 29 months if I am still holding account with Barclay please?



I have Barclaycard too and was looking for a 0% deal, to pay my balance off in full in the next year, without paying interest. I found this one via Money Saving Experts. They also have a credit card checker thing that doesn't show up on your credit score, which shows your percentage chance of getting different credit cards. The one I was going for said I had 20% chance of getting it, but the RBS one was 80% and sure enough I got it. It's RBS Platinum Balance Transfer Credit Card. From account opening get
0% interest for 27 months on all balances transferred within 3 months (2.64% fee, min £5) and 0% on purchases for 6 months

rbs.co.uk/per…shx

kamranbaig

I am already holding this card (Paltinum) and they are giving me an offer … I am already holding this card (Paltinum) and they are giving me an offer only for 1 yearCan some help me, how to get above offer of 29 months if I am still holding account with Barclay please?



I'm also currently a platinum card holder, how did you get the 1yr offer? Did you apply for another card? Or call them to negotiate on your existing card? Thanks

sh1no8i

I'm also currently a platinum card holder, how did you get the 1yr offer? … I'm also currently a platinum card holder, how did you get the 1yr offer? Did you apply for another card? Or call them to negotiate on your existing card? Thanks



Don't worry, I know what you mean now, it's 1yr for balance transferred from 'another' card you own, not on your existing balance - which is what I was looking for, not sure if I'm able to open a new card and transfer it over.

Lloyds also gt one but only fr 24 mntha if thats any help to any one..

When do I have to do the balance transfer? I'm planning to make some large purchases (£1000 ish for some furniture) in the next couple of weeks and I was thinking of doing it on my existing credit card and then doing the transfer. Would that work? should I wait until I've made the purchases before applying?

It appears the £25 cashback has finished so need to either expire the post or change the title
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